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BusinessPhoto: The Hindu

ED Searches Bengaluru, MP Premises Over ₹4,600-Crore FEMA Violations

The Enforcement Directorate (ED) conducted searches on October 27 at three Bengaluru locations and one in Madhya Pradesh linked to cryptocurrency platforms Mudrex and Instadapp. The probe targets alleged violations of the Foreign Exchange Management Act (FEMA) involving unauthorized cross-border money transfers using stablecoins like USDT and USDC. The investigation began after complaints against RPAS Technologies Pvt Ltd, which operates Mudrex and Saber.money, for bypassing authorized banking channels.

The Hindu··Bengaluru

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PoliticsPhoto: Amar Ujala

Election Commission Extends SIR Deadline for Six States Including Delhi

The Election Commission has extended the deadline for the Special Summary Revision (SIR) of electoral rolls in six states, including Delhi. The revised schedule sets new dates for the publication of the final voter lists. This extension aims to ensure accurate and updated electoral rolls ahead of upcoming elections.

Amar Ujala··Delhi

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BusinessPhoto: Economic Times

Suzlon Faces Competition from Adani and JSW in Wind Energy Market

Suzlon Energy is encountering growing competition from Adani, JSW, and other companies in India's wind energy sector. Despite this, Suzlon's revenue increased by 26% year-on-year to Rs 4,869 crore in Q2 FY27. However, its EBITDA stayed flat at Rs 720 crore, and the EBITDA margin declined from 18.6% to 14.8% compared to the previous year.

Economic Times·

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SportsPhoto: News18 Sports

Madih Talal Open to Playing for India Like Ryan Williams

Chennaiyin FC midfielder Madih Talal expressed openness to representing India if the All India Football Federation approaches him. Although Talal, born in France to Moroccan parents, lacks Indian family ties, he is willing to discuss possibilities. Unlike Ryan Williams, who renounced Australian citizenship to gain Indian nationality, Talal holds an Overseas Citizen of India card, which does not grant full citizenship or national team eligibility without surrendering his foreign passport.

News18 Sports··Chennai

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BusinessPhoto: Business Standard

Alphabet Loses Over $500 Billion as AI Hits Google Search Revenue

Alphabet Inc. shares dropped over 13%, wiping out more than $500 billion in market value after the company reported disappointing third-quarter sales in search and advertising. Google’s parent company posted $111.2 billion in sales, missing analyst expectations. Ad sales, crucial for funding AI investments, grew at the slowest rate in five quarters, raising investor concerns about AI’s impact on its core business.

Business Standard·

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WorldPhoto: The Hindu

ICG Rescues 20 Crew from Stranded Ship Sigma Pearl Near Antarvedi

The Indian Coast Guard in Chennai rescued all 20 crew members from the stranded bulk carrier Sigma Pearl near Antarvedi in Dr. B.R. Ambedkar Konaseema district. The ship, sailing under the Marshall Islands flag and bound for Singapore, was stranded due to engine failure near the Ravva oil field off Kakinada. The rescue operation using ICGS Sujay continued until 6 p.m.

The Hindu··Antarvedi

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